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Salon and Spa First-Floor Space
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303 W Water Street, Decorah, IA 52101

2004-built first-floor suite with open retail area, offices and conference room, baths, laundry, and off-street parking.

Property Size8,800 SF
Price / SF$1.00
Days on Market121

Property Features for 303 W Water Street

General Information

Standard status Active
Size 8,800 SF
Total Parking Spaces 3
Property subtype Commercial
Zoning c-3
Lease Type Gross

Taxes and HOA fees

Annual Taxes $17,078

Amenities

Tile
Inside Lot,Paved 2Lane
0.12
8800

Building Details

Building Size 8,800 SF
Year Built 2004
Listing Agency: RE/MAX Concepts - Cedar Falls
Listed By: Emmaleigh Buck
Source: Pinnaclerealtyia
Added: Jun 9 Changed: Oct 6 Last Checked: Oct 7 at 9:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Concepts - Cedar Falls

Investment Insights

Based on property information with market context.

Built in 2004, this stately property’s first floor has been used as a salon and day spa. The layout includes a large open space that can support retail service operations, along with a separate section containing offices and a conference room. In addition to the main service space, the suite includes a full bath, two half baths, and laundry facilities, supporting day-to-day client and staff needs.

Located in the Historic Downtown District of Decorah, the property sits across the street from the Oneota Food Coop and Water Street Park. Off-street parking is available at the back of the building for approximately 2 to 3 vehicles, providing direct convenience for customers and employees.

This space is well suited for an owner-operator looking to start a salon or spa, as well as for an established salon expanding within the downtown market. The construction and layout can accommodate renting the entire first floor or dividing it to better match a tenant’s buildout requirements. For the right business concept, the combination of an open main area, private office/conference space, and existing wet areas can help streamline interior planning and day-to-day operations.

Key Highlights

  • 2004‑built first‑floor business space with 8,800 total building area
  • Large open area suited for retail, plus offices and a conference room
  • Includes tile flooring, full bath, two 1/2 baths, and laundry

Property Analytics

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Current Use

Spa & wellness properties

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Garden Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

700
Businesses Nearby
Balanced
Demand for This Use

Demographics for 52101, IA

13,186
Population
5,611
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
96%
High-School Grad
316.7 sq mi
ZIP Area
42
Density / Sq Mi
$70,046
Median Household Income
$33,090
Median Earnings
$813
Median Rent
$249,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby

  • Decorah Wellness Center — 406 Washington St, Decorah, IA 52101
  • Brenda Harris L A C Accpnctr — 309 W Broadway St, Decorah, IA 52101
  • Salú Sauna + Wellness Spa — 110 Washington St Suite 9, Decorah, IA 52101
  • Wildcrafted Acupuncture & Herbs — 111 Winnebago St, Decorah, IA 52101

Frequently Asked Questions

What type of property is this?
Spa & wellness property - 2004-built first-floor suite with open retail area, offices and conference room, baths, laundry, and off-street parking.
Where is this spa & wellness property located?
The property is located at 303 W Water Street Decorah, IA.
What are key features of this property?
This property features: 2004‑built first‑floor business space with 8,800 total building area; Large open area suited for retail, plus offices and a conference room; Includes tile flooring, full bath, two 1/2 baths, and laundry
More about this property
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